Shariah Banking Surfaces in Kashmir
On December 28, 2011 · In India, Islamic Banking, Islamic Finance, Kashmir, Pakistan, Shariah Banking, Shariah Finance
Kashmir has been the epicenter of Jihadist violence for years now. For those who do not know, Kashmir includes disputed territory between India and Pakistan and has been the site of armed conflict between the two countries on multiple occasions. Kashmir is one of the rallying causes for Muslims and some key Jihadist terrorist organizations [...]
Yesterday explosions rocked Mumbai, India, killing more than a score of innocent people. This is the latest in a series of attacks that have struck that city over the past two decades. There certainly is an economic cost to Jihadist terrorism and the Wall Street Journal points that out in a column published today… India’s [...]
How Counterfeit Money Fuels Jihad in India
On March 15, 2011 · In Hawala, India, Jihad, Money Laundering, Pakistan, Terror, Terror Funding, terrorism
India faces an increasing inflow of counterfeit currency, produced primarily in Pakistan, and terrorist and criminal networks use this money to finance their activities in the country according to the US government’s 2011 International Narcotics Control Strategy Report of the State Department. Noting that India is a significant target for terrorist groups, both external and [...]
Investigators in Peru say that they have found proof that the Jihadist terrorist organization al Qaeda is routing money to India from Europe. The Peruvian Financial Intelligence Unit (FIU) shared with the US that it has tracked the movement of money by al Qaeda elements to India via Peru, leaked US cables released by wikileaks [...]
The Kerala High Court on last Thursday had dismissed petitions challenging the state government’s decision to start the country’s first Islamic bank, paving the way for setting up financial institutions that adhere to the Shariah law in India. The court had previously ruled that such an arrangement was unconstitutional. http://www.indiablooms.com/BusinessDetailsPage/businessDetails100211d.php
Bahrain-based Shariah Bank Cuts Size of Sukuk Offering as Costs Rise
On February 10, 2011 · In Bahrain, China, France, India, Islamic Banking, Islamic Bonds, Shariah Banking, Shariah Bonds, SUKUK
Bahrain’s Albaraka Banking Group reduced the size of a scheduled March sukuk (Islamic bond) offering to $250 million-$300 million from the planned $500 million, its Chief Executive Officer Adnan Ahmad Yousuf announced. The cost of borrowing through sukuk has risen since anti-government protests began in Egypt two weeks ago on concern political instability may spread [...]
Proponents of Shariah Banking are pushing for its acceptance in India, where there has been strong opposition to the concept from time to time. Now the financial jihadists are trying to foist Shariah Banking off on Indians by dubbing it “Interest-Free Banking.” You can put lipstick on a pig, but it will still be a [...]
Reliance Capital Asset Management’s subsidiary is set to launch two Shariah-compliant funds in Malaysia by July 2010. http://assetmanagement.banking-business-review.com/news/reliance_capital_to_launch_two_islamic_funds_in_malaysia_100629/?
Hat tip to regular SFW reader “Ramesh” for calling our attention to this important development… The High Court in the Indian state of Kerala has now categorically denied any participation by the government in a proposed Shariah-Compliant Bank. SFW has reported on this developing story twice in the past (again, thanks to reader Ramesh): http://www.shariahfinancewatch.org/blog/2010/01/11/india-fights-back-against-shariah-finance/ [...]
Shariah Banking Takes Aim At India
On March 30, 2010 · In "Ethical Investment", India, Islamic Banking, Islamic Finance, Shariah Banking, Shariah Finance, Usmani
As we have mentioned from time to time on SFW, the financial jihadists have their sights set squarely on India–and many in India are resisting. The article linked below is a prime example of the misinformation and deception often characteristic of the Shariah Finance industry. When taking a close look at the article, notice three [...]
Zakat for Jihad in Pakistan
On February 10, 2010 · In India, Islamic charities, Jihad, Pakistan, Terror, Terror Funding, terrorism, Zakat
The good folks over at Money Jihad blog uncovered an important article on zakat fundraising for jihad in Pakistan. This time it’s the two groups held responsible for the Mumbai attacks. These groups and their zakat support are no strangers to SFW readers: http://www.shariahfinancewatch.org/blog/2009/02/03/the-mumbai-terrorists-zakat-and-charities/ Now, just over a year later, these same terrorist groups appear [...]
A delegation of Arab “Islamic finance” experts has gone to India to try to convince that nation to embrace Shariah Finance…and they used their normal level of fraud to attempt to perpetrate this swindle…first comparing “Western capitalism” to “casino capitalism,” inferring, quite fraudulently, that Shariah-Compliant institutions were not impacted by the economic downturn and financial [...]
Two weeks ago we reported that financial jihad was dealt a blow when a High Court in the Indian state of Kerala halted plans to create a state-run “Islamic” bank there. In the ruling, the Court pointed out that the bank would violate multiple sections of their constitution by favoring a particular religion in a [...]
Thanks to SFW reader “Ramesh” we have been brought up to date on noble efforts in India to turn back the tide against Shariah Finance. First, financial jihad was dealt a blow last week when a High Court in the Indian state of Kerala halted plans to create a state-run “Islamic” bank there. In the [...]
UK-based Islamic Charity Imposes Shariah at Indian Refugee Camp
On November 17, 2009 · In Britain, Creeping Shariah, India, Islam, Islamic charities, Islamic Law, Shariah Law, United Kingdom, Zakat
The Muslim Relief Organization, a registered charity operating out in the open in Great Britain, is imposing Shariah law on a refugee camp it has funded in India. There has been a great deal of trouble surrounding Islamic charities, particularly their tendency to fund Jihad through the Islamic system of tithing known as “zakat.” This [...]
Diploma in Islamic finance for muftis in India
On October 15, 2009 · In India, Islamic Finance, Islamic Law, Islamic schools, Jurisprudence, madrassas, Shariah Boards, Shariah Councils, Shariah Finance, Shariah Law
A madrassa in Hyderabad will offer a diploma course in Islamic finance to muftis, for the first time in India. The diploma in Islamic finance would focus on imparting knowledge to students in economics, investment according to Shariah rules and preparation of the documents for financial products and services. http://economictimes.indiatimes.com/Diploma-in-Islamic-finance-for-muftis/articleshow/5127143.cms?
India’s first Islamic bank to open
On September 5, 2009 · In Creeping Shariah, India, Islamic Banking, Islamic Economics, Islamic Finance, Sharia Compliant, Shariah Banking
The spread of shariah continues, now with the opening of the first Islamic bank in India. “India’s first bank to deal solely in Shariah-compliant financial products will open in Kochi by next year.” http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=312838&version=1&template_id=40&parent_id=22
A member of the Indian parliament has been charged with a crime for allegedly making anti-Muslim speeches during a political campaign… http://www.manoramaonline.com/cgi-bin/MMOnline.dll/portal/ep/contentView.do?contentType=EDITORIAL&programId=1073750966&articleType=&contentId=5717132
Shariah-Compliant Finance comes to India
On April 10, 2009 · In India, Islamic charities, Islamic Equity Funds, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Finance
Unfortunately, Shariah-Compliant Finance continues its expansion. India’s first Shariah-Compliant mutual fund is gathering money right now. It is important to analyze the implications of the expansion of Shariah-Compliant Finance. When Shariah-Compliant Finance expands: • Shariah itself expands; remember, the very purpose of Shariah-Compliant Finance is to promote Shariah and at the World Islamic Economic Forum [...]
Shariah-Compliant Finance has gained a foothold in India and the story of this development illustrates the misleading nature of the industry. A new Shariah-Compliant fund was just launched. But look closely at its name: The Taurus Ethical Fund. Regular readers of SFW know that we have addressed this before. Proponents of Shariah-Compliant Finance are fond [...]
The Mumbai terrorists, zakat and charities
On February 3, 2009 · In Al Qaeda, Britain, Da'Wah, India, Islamic Banking, Islamic Finance, Islamic Law, Jihad, Kuwait, Pakistan, Saudi Arabia, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Boards, Shariah Councils, Shariah Finance, Terror, Terror Funding, terrorism, Uncategorized, United Kingdom, Zakat
Two of the chief concerns associated with Shariah-Compliant Finance are the obligatory tithing to “zakat” and obligatory donations of “tainted” revenue. Shariah-Compliant Finance can entail contributions of up to 1/40 (2.5%) of assets per year in a charitable gift (known as zakat) that observant Muslims, Islamic organizations and businesses are obliged to make. Shariah advisors, [...]
From Bahukutumbi Raman, former head of the counter-terrorism division of the Research & Analysis Wing (R&AW), India’s external intelligence agency;www.newsoftheworld.uk.com check out this link http://www.southasiaanalysis.org/papers30/paper2947.html
by SANE Staff, Fri, November 28, 2008, 12:45:PM (Originally posted 11-28-08 at 10:32AM) Update No. 1: Thanks to Roger Simon of Pajamas Media for posting an update link to this article. From the India Daily: Terrorist Ajmal Amir Kamal, a resident of Faridkot, Multan in Pakistan, a Pakistani elite commando, caught in [...]
Fri Nov 28, 2008 7:34Share MUMBAI (Reuters) – India’s stock market wobbled then fought back to end higher on Friday, while the rupee neared a recent record low in the first day of trade since attacks in the financial capital, Mumbai, which killed at least 121 people. Bond yields touched their lowest level in more [...]
http://www.americanthinker.com/printpage/?url=http://www.americanthinker.com/2005/07/the_legacy_of_jihad_in_india.html Return to the Article July 02, 2005 The Legacy of Jihad in India By Andrew G. Bostom The phenomenon of modern Islamic terrorism has forged an inchoate strategic alliance between the Israeli and Indian governments, while heightening the awareness of a common threat—the institution of jihad—among the civilian populations of these [...]
The Bankruptcy of Islamic Law By Joseph Klein www.current.com FrontPageMagazine.com | Monday, October 20, 2008 Some Islamic leaders have loudly proclaimed that the current economic crisis proves the superiority of their religion and way of life over capitalism and liberal democracy. As usual they are in a complete state of denial about the [...]
Conservatives to forcefully assimilate Muslims in UK www.img.dailymail.uk.co London, Sept 28 (PTI) A Senior Conservative Party leader today said the party, if voted to power, would force Muslims to assimilate into the British society and would ban groups of the community even if they solely engage in political activities. Speaking at the start [...]
Raghuram Rajan report advocates introduction of Islamic banking in India http://www.indianmuslims.info/files/map_muslim_india_2003.gif read this article at…..http://islamicfinanceupdates.wordpress.com/2008/09/04/raghuram-rajan-report-advocates-introduction-of-islamic-banking/
Jihad is Shariah Law! By PANKAJ MISHRA New Delhi http://news.bbc.co.uk/nol/shared/spl/hi/south_asia/03/kashmir_future/img/maps/kashmir_intro_350.gif FOR more than a week now, hundreds of thousands of Muslims have filled the streets of Srinagar, the capital of Indian-ruled Kashmir, shouting “azadi” (freedom) and raising the green flag of Islam. These demonstrations, the largest in nearly two decades, remind many of us [...]
Press release Reporters Without Borders 25 August 2008 Reporters Without Borders calls on the Indian authorities to put an immediate stop to the censorship and violence against the media in Kashmir that has been prompted by a wave of protests against Indian rule. At least 13 journalists were beaten by police yesterday in Srinagar, local [...]
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